On 1 November, Jaisalmer Police arrested former State Bank of India (SBI) Chairman Pratip Chaudhuri in an alleged loan scam.
Chadhuri, allegedly went to join the board of Alchemist asset reconstruction company (ARC) after retirement from SBI.
The group had drawn a loan from SBI for this purchase and later defaulted turning it to a bad loan.
2 hours ago
https://www.msn.com/en-in/money/topstories/banking-central-l-pratip-chaudhuri-e2-80-99s-arrest-and-its-potential-ramifications/ar-AAQbuqP
Alchemist Asset Reconstruction Company
Board of directors: Pratip Chaudhuri
http://www.alchemistarc.com/pratip-chaudhuri.html